Bedlam reigned in the global natural gas market on Thursday as more force majeures were issued, cargoes appeared to have nowhere to go, and prices continued spiraling because of widespread measures to stem the coronavirus outbreak.
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NGI The Weekly Gas Market Report
Freight Rate Volatility on the Rise as Coronavirus Strands Vessels on Open Seas
The coronavirus has upended the global liquefied natural gas (LNG) market, driving up freight rate volatility as an increasing number of cargoes are floating throughout Asia while others are being diverted.
February 19, 2020